This compound is primarily utilized in organic synthesis as a building block for the development of more complex chemical structures. It serves as a key intermediate in the preparation of various heterocyclic compounds, which are often explored for their potential pharmacological activities. Researchers employ it in the synthesis of quinoline derivatives that may exhibit biological properties, such as antimicrobial, anti-inflammatory, or anticancer effects. Additionally, it finds application in the creation of ligands for metal complexes, which can be used in catalytic processes or material science. Its role in medicinal chemistry is significant, as it contributes to the discovery of new drug candidates targeting specific diseases.